Finance
In Kentucky, a 'straight (term) loan' requires the borrower to:
AMake equal monthly payments of principal and interest
BPay interest only periodically with the full principal due at maturity✓ Correct
CPay decreasing payments over time
DMake bi-weekly payments only
Explanation
A straight (or term) loan requires interest-only periodic payments with the entire principal (balloon payment) due at the loan's maturity date.
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